Encoder Market

Encoder Companies - Sensata Technologies Holding plc, HEIDENHAIN and Fortive (Dynapar Corporation) are the Top Players

The encoder market is projected to grow from USD 2.7 billion in 2022 to USD 4.3 billion in 2027; it is expected to grow at a CAGR of 9.7% from 2022 to 2027. The growth of the market is attributed to the growing need for high end automation across industries and expansion of automotive market driving the encoder.

Key players operating in the market include Renishaw plc (UK), HEIDENHAIN (Germany), FRABA B.V. (The Netherlands), Sensata Technologies Holding plc (US), ifm electronics gmbh (Germany), Mitutoyo Corporation (Japan), Pepperl+Fuchs SE (Germany), Fortive (US), maxon motor ag (switzerland), Balluff Inc. (Germany). Pilz GmbH & Co. KG (Germany), Tamagawa Seiki Co., Ltd. (Japan), FAULHABER Group (Germany), Baumer Group (Switzerland), Koyo Electronics Industries Co., Ltd. (Japan). Major strategies adopted by top players to enhance their product portfolios, provide services, increase their market share, and expand their presence in the market mainly include new product launches with the latest technology and innovation and deals, such as acquisitions and partnerships.

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Top 3 Players in Encoder Market:

Sensata Technologies Holding plc

Sensata Technologies Holding plc is a global industrial technology company pioneer in mission-critical sensors and controls. The company offers rotary encoders, linear encoders, hall effect sensors, potentiometers, inclinometer tilt sensors, and draw wire sensors, among others. The company has a diverse product portfolio and has been catering to various verticals, such as aerospace & defense, energy, industrial, material handling, medical, motors, and professional food equipment. The company operates through two major business segments—Performance Sensing and Sensing Solutions. The Sensing Solutions segment offers encoders in the market. Position sensors and encoders are marketed through brands such as Kavlico, BEI Sensors, and Newall.


HEIDENHAIN is a leading company in measurement control and drives system technologies. The company offers linear encoders, angle encoders, rotary encoders, CNC controls, and digital readouts. These products are mainly used in high-precision machine tools and electric component manufacturing & distribution plants. Moreover, the company’s expertise in encoders has enabled it to automate production machines and systems by attaining a leading position in the market. HEIDENHAIN provides its diverse product portfolio under the brands AMO, ETEL, IMT, LTN, NUMERIK JENA, RENCO, and RSF. These brands are serviceable to most industries and applications, such as machine tools, automation, semiconductors, electronics, metrology, robotics, drive systems, medical technology, elevators, printing machines, structural health monitoring, and telescopes.

Fortive (Dynapar Corporation)

Dynapar Corporation is a subsidiary of Fortive—an electrical and electronics manufacturing group. Fortive offers its products through three business segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Dynapar Corporation is a part of Fortive’s Precision Technologies business segment. Dynapar offers a wide range of products and solutions, such as incremental encoders, absolute encoders, resolvers, and encoder accessories for various industries such as pulp & paper mills, aerospace & defense, elevators, oil & gas, and wood processing, among others. It offers various encoders through brands such as Dynapar, NorthStar, Harowe, and Hengstler. The company is associated with some of the Brand Standard Associations—ANSI, ASME, CSA Group, ISO, and others; Brand Communication Protocols—BiSS Interface, DeviceNet, Inetrbus, and Profibus; and Band Recognized Distributor Partners—AHTD, Fortive, DDC, Marathon, and Technosoft.

Related Reports:

Encoder Market by Encoder Type (Linear and Rotary), Signal Type (Incremental, Absolute), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power) and Region - Global Forecast to 2027

Mr. Aashish Mehra
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Encoder Market Size,  Share & Growth Report
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SE 7256
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